US Airways selling 26.3 million shares

RobertDaniel

TEL AVIV (MarketWatch) -- US Airways Group Inc.,
LCC, -2.03%
the Tempe, Ariz., carrier, late Tuesday said it sold 26.3 million common shares to Citigroup as underwriter of a public offering of the stock. Citi has an option on another 3.9 million shares if demand for the offering requires. US Airways said it would use the funds for general purposes. It expects to close the deal Sept. 28. US Airways shares closed on Tuesday at $5.23.

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